H.R.4494: To amend the Internal Revenue Code of 1986 to allow a credit for lightweight coal freight cars.

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about taxation
  • Introduced Jan. 21, 2010
  • Latest Major Action Jan. 21, 2010

Bill Summary

Amends the Internal Revenue Code to allow a general business tax credit for 30% of the basis of an eligible lightweight coal freight car. Defines "eligible lightweight coal freight car" as any freight car: (1) designed to carry coal by rail; (2) the tare weight of which does not exceed 50,000 pounds; and (3) substantially all of the manufacturing of which occurred in the United States. Terminates such credit after 2013.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Jan. 21, 2010

Introduced in the House by Danny K. Davis (D-Ill.)

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